Guarantees

Guarantees
- Letter of Guarantees: A bank payment liability issued or advised in favour of a company for the fulfillment of a commitment like debt payment, goods� delivery and work performance.
Types Of Foreign Guarantees
- Bid-Bond- Tender Guarantee
- Performance Bond
- Letter Of Indemnity: Repayment Guarantee / Advance Payment Guarantee (Letter Of Indemnity In Case Of Nonpayment / Payment Guarantee)
- Credit Guarantee
- Other Guarantees: Retention Guarantee, Maintenance Guarantee, Guarantee for Warranty Obligation
  / Warranty Bond, Bail Bond, Bill Guarantee
Stand-by Letter of Credit
- Stand-by Letter of Credits: It is a type of letter of credit showing the solvency and credibility of the buyer and may be deemed as a letter of guarantee. In Stand-by LCs, the payment is made by the buyer�s bank without the need to fulfil a particular commitment.

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